Analyst Josh Pokrzywinski comments, "We believe fundamental investors may have lost interest in GDI ahead of the binary update on the private equity bidding results in mid-February. That said, we believe an improving macro environment, a positive 4Q preannouncement and signs of stabilization in pressure pumping should point to upside in valuation. In light of improving fundamentals and the recent strength in the shares of GDI’s peers, the Board may look for more than the $75-$80 per share offer that has been widely reported in the media. In our view, GDI shares could see upside in the form of a higher PE bid or, should a deal fail to materialize, investors may have the opportunity to fill out positions on short-lived weakness in what is typically one of our more illiquid names.